Expensive
Affordable
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These days, finding an affordable place to live in the Norman area can be challenging. Home prices in Norman are now at a median cost of $126,533, lower than the North Carolina average of $323,314.
The average cost of rent is $763/mo in Norman, primarily driven by the current value of real estate in the Norman area. In Norman, 11.97% of households rent, and 61.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norman is $5,274 per month. Households that rent pay about 14.47% of their income on rent here. Norman’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Jackson Springs, NC: higher priced homes
- Ellerbe, NC: higher priced homes
- Pekin, NC: higher priced homes
- Candor, NC: equally priced homes
- Ex-Way, NC: higher priced homes
- Onvil, NC: higher priced homes
- Foxfire, NC: higher priced homes
- Seven Lakes, NC: higher priced homes
- Ledbetter, NC: higher priced homes
- Pee Dee, NC: higher priced homes
Cities with Similar Populations
- Richford, NY: equally priced homes
- Nome, TX: higher priced homes
- Oak Flat, TX: higher priced homes
- Olean, MO: higher priced homes
- Olympian Village, MO: higher priced homes
- Pacific City, OR: higher priced homes
- Pittsview, AL: higher priced homes
- Plato, MN: higher priced homes
- Quinby, SC: equally priced homes
- Raleigh, FL: higher priced homes
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